According to the recent survey, Virginia home buyers do not believe home prices in their state are that unreasonable. Twenty-two percent of Virginia home buyers believe homes are fairly priced vs. 6% who believed the same according to the first quarter Virginia home values survey. Fourteen percent of Virginia home buyers believe that homes are underpriced by 10-20%. (see question 3).

Homeowners in Virginia continue to believe in large percentages that their homes are worth more than their Realtors’ are telling them with 46% of Virginia home sellers thinking that their homes are worth 10-20% higher than their Realtors’ recommended listing price. Eleven percent of Viginia home owners believe their homes are worth 21-30% higher than their Realtors recommend they list them for vs. 6% who believed the same in the first quarter. (see question 2).

In the first quarter Virginia home vaues survey, just 6% of Virginia Realtors believed that prices would increase in the next six months. In the current survey 24% of Virginia Realtors believe that home prices will increase in the next six months and 35% believe they will stay the same (see question 6).

Fifty-four percent of Virginia Realtors approve of Obama’s performance as president vs. 57% of Reatlors nationwide.

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